The New York Times swoops in to look at the strike http://www.iht.com/articles/2005/09/13/business/boeing.php and notes the same thing you’ve been reading in The Herald — it looks like it’s going to be a long one.
Key Quote: ” Perhaps the biggest gap involves the views on Boeing’s performance. Company officials say that profit is soft: net income last year was $1.9 billion, down from $2.8 billion in 2001. But many machinists assert that the company has rebounded handily, with last year’s profit more than tripling from $492 million in 2002.”
The Chicago Tribune dropped by Renton for this report http://www.chicagotribune.com/business/chi-0509130076sep13,1,325076.story?coll=chi-business-hed which looks at whether airlines are likely to bolt Boeing for Airbus. The analysts — once again, repeating things we’ve reported here — say yes, they will, if the strike lasts long enough.
Key Quote(s): “Richard Aboulafia, an analyst with the Teal Group in Fairfax, Va., said that a lengthy strike for Boeing means ‘watching some customers defect to Airbus.’ He predicted Cathay Pacific, a Hong Kong-based international carrier, could be among the first … Scott Hamilton, an analyst with Leeham Co. in suburban Seattle, agreed. ‘If it lasts four, five or six months, then Boeing risks losing one customer for each month of the strike,’ he said.
Flight International reports http://www.flightinternational.com/Articles/2005/09/13/201519/Strike+derails+Boeing+delivery+plan.html that it seems almost certain now that Boeing will miss its goal of delivering 320 jets this year.
Key Quote: “Production of at least 10 aircraft was believed to have been lost by 9 September, with the prospects of continuing action making it virtually certain that Boeing will miss its 320-unit year-end delivery target.”
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